Cincinnati Financial posts ‘benign’ Q3 for catastrophe loss, says Roth Capital

Roth Capital analyst Harry Fong keeps a Buy rating and $175 price target on Cincinnati Financial (CINF) after its Q3 results. The company reported a benign quarter for catastrophe losses with total cat losses of only 3.7 loss ratio points against the firm’s estimate of about 12 points, which has been the average over the past five years, the analyst tells investors in a research note.